Bank failure · TX
Farmers State Bank of Madisonvillle (Madisonville, TX) — failed November 29, 1990
Farmers State Bank of Madisonvillle of Madisonville, Texas was closed on November 29, 1990 and resolved through a purchase and assumption. First Bank (TX) took over its insured deposits. At failure it held $34.8M in assets and $34.6M in deposits. The FDIC's estimated loss on the failure is $1.6M (4.6% of assets).
- Closing date
- November 29, 1990
- FDIC certificate #
- 1204
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank
- Insurance fund
- BIF
Other failures in 1990
- Southern Fs LA
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Comfed Savings Bank MA
- First Commercial Bank of Florida FL
- Community Fs & LA MO
- Olympic Federal Savings IL
- Old Borough Savings & Loan NJ
- Frontier Savings Association NV
- Home Federal Bank for Savings IL
- The State Bank of Omaha TX
- Far Western Bank CA
- Empire Savings Bank NJ
- Peoples State Bank TX
- Washington County State Bank TX
- Bank of Commerce LA
- First State Bank OK
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Central Federal Savings NY
- Heights Bank TX